NCR
Corporation (NYSE: NCR) and PayPal,
Inc., an eBay (NASDAQ: EBAY) company, today announced an agreement
to integrate NCR’s innovative mobile solutions for hospitality and
retail with PayPal’s leading digital payment technology. The combination
provides restaurants and retailers an easy, powerful way to offer
consumers a rich mobile and digital payment experience when buying the
goods and services they want.

“As a global technology leader across multiple industries, NCR is
committed to partner with organizations that seek to maximize the
adoption of digital wallets and mobile payments to help our customers
provide more choice, greater control, and increased flexibility for
their consumers,” said John Bruno, CTO and EVP at NCR. “Combining NCR’s
broad hospitality and retail footprint with PayPal’s global customer
base enables restaurants and retailers to redesign the consumer
experience with mobile-enhanced shopping and payments while materially
improving business processes and creating seamless consumer experiences
across touch points, locations, and channels.”

Today’s consumer wants to leverage technology in an integrated way to
make everyday life easier. According to the National Restaurant
Association’s 2013
Restaurant Industry Forecast, restaurant guests are seeking more and
better tableside technology. 44 percent of consumers surveyed say they
would use a tableside ordering system, nearly one-third would use mobile
payment options and 50 percent would use smartphone apps for viewing
menus, ordering or making reservations. However, less than 10 percent of
table service restaurants currently offer these options according to the
research.

“Consumers and retailers want choice when it comes to purchasing and
making payments as the lines between shopping online and in-the-store
are rapidly disappearing,” said Don Kingsborough, PayPal’s vice
president of Retail and Prepaid. “We couldn’t be more excited about
working with NCR to combine their innovative software and hardware
solutions with our industry-leading digital payment technology. PayPal
is at the forefront of digital and mobile payments, constantly striving
to remove friction for merchants and consumers to deliver a better
shopping experience.”

A recent global survey from NCR* found that 52 percent of
consumers want the option of using mobile technology to scan and pay for
items while shopping, yet only 12 percent of retailers currently provide
this for customers. Together, NCR and PayPal will enable restaurants and
retailers to seamlessly integrate their point-of-sale (POS) technology
with the consumer’s digital wallet.

NCR’s customer base includes 8 of the 10 fastest-growing Quick Service
Restaurants (QSR) and fast casual restaurant chains, 1.2 million retail
POS systems and more than 100,000 self-checkout units. PayPal’s global
customer base includes 117 million accounts, and has forecasted it will
process $10 billion in mobile payment volume in 2012.

Initially, NCR and PayPal will integrate PayPal mobile payment options
into the recently
announced NCR Mobile Pay application and NCR Aloha Online Ordering.
Designed for the more than 60,000 restaurant sites using NCR Aloha
point-of-sale technology, NCR Mobile Pay enables restaurant patrons with
a smartphone to browse their bill, re-order menu items, alert their
server, complete surveys and pay. With the new integration, PayPal
appears as a payment option and allows consumers greater choice for
secure payments alongside credit or debit card options. Consumers will
also be able to use the PayPal mobile application to locate and “check
in” at participating NCR Mobile Pay merchants to access the same
functionality.

The companies are also working to integrate PayPal mobile payment
options into NCR’s Convenience-Go (C-Go) application for petroleum and
convenience stores. C-Go is a store-branded mobile application that
allows shoppers to purchase fuel, food, car washes and other items right
from the application. PayPal integration gives C-Go users another easy
option for paying at the pump or inside stores with their smartphone
while also providing stores with valuable opportunities for targeted up
selling and promotions. Additionally, NCR and PayPal plan to enhance
NCR’s Netkey Endless Aisle application with PayPal integration to speed
up the consumer checkout process for consumers using the solution for
online shopping in a physical store and create new revenue opportunities
for retailers.

Beyond these initial solutions, initiatives are planned to integrate
NCR’s Advanced Marketing Solution (AMS) loyalty and offer management
system with the PayPal digital wallet. This integration will enable
consumers to “check in” on their mobile devices as they start shopping
to take advantage of shopping lists as well as digital redemption of
coupons and special offers when they pay.

* NCR 2012 Global Consumer Insights and Retailer Benchmark
Study

About NCR Corporation

NCR Corporation (NYSE: NCR) is a global technology company leading how
the world connects, interacts and transacts with business. NCR’s
assisted- and self-service solutions and comprehensive support services
address the needs of retail, financial, travel, healthcare, hospitality,
gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com)
is headquartered in Duluth, Georgia.

NCR is a trademark of NCR Corporation in the United States and other
countries.

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